Russian slab booking in Taiwan

SteelOrbis has been informed that Russian steelmaker Novolipetsk Steel (NLMK), via its Hong Kong trading company, has concluded sales of 80,000 mts of SAE1008 grade slab at $540/mt CFR FO Kaohsiung. The sales have been concluded to Taiwanese producers Chung Hung Steel and Shang Shing Steel for July/August shipment. The two producers booked 40,000 mts each.